Aegis Financial Corp Lowers stake in Mercer International (MERC)

Mercer International (MERC) : Aegis Financial Corp reduced its stake in Mercer International by 28.25% during the most recent quarter end. The investment management company now holds a total of 391,037 shares of Mercer International which is valued at $3,194,772 after selling 153,979 shares in Mercer International , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Mercer International makes up approximately 2.88% of Aegis Financial Corp’s portfolio.

Other Hedge Funds, Including , Qs Investors reduced its stake in MERC by selling 489 shares or 31.9% in the most recent quarter. The Hedge Fund company now holds 1,044 shares of MERC which is valued at $8,529.Menta Capital boosted its stake in MERC in the latest quarter, The investment management firm added 8,543 additional shares and now holds a total of 54,601 shares of Mercer International which is valued at $446,090. Mercer International makes up approx 0.06% of Menta Capital’s portfolio.Blackrock Fund Advisors boosted its stake in MERC in the latest quarter, The investment management firm added 4,788 additional shares and now holds a total of 15,452 shares of Mercer International which is valued at $126,243.Renaissance Group boosted its stake in MERC in the latest quarter, The investment management firm added 1,882 additional shares and now holds a total of 31,442 shares of Mercer International which is valued at $256,881. Mercer International makes up approx 0.01% of Renaissance Group’s portfolio.Acadian Asset Management reduced its stake in MERC by selling 162,746 shares or 8.93% in the most recent quarter. The Hedge Fund company now holds 1,658,832 shares of MERC which is valued at $13,536,069. Mercer International makes up approx 0.07% of Acadian Asset Management’s portfolio.

Mercer International opened for trading at $8.51 and hit $8.74 on the upside on Wednesday, eventually ending the session at $8.64, with a gain of 1.05% or 0.09 points. The heightened volatility saw the trading volume jump to 98,629 shares. Company has a market cap of $559 M.

Mercer International Inc. (Mercer) operates in the pulp industry. The Company produces bleached softwood kraft (NBSK) pulp. It also produces pulp for resale known as market pulp in Germany. The Company generates and sells green energy to regional utilities. Its operations are located in Eastern Germany and Western Canada. It operates three NBSK pulp mills. The Company’s wholly owned subsidiary Rosenthal owns and operates the Rosenthal mill which has an annual production capacity of approximately 360000 ADMTs and 57 MW of electrical generation. The Company’s subsidiary Stendal owns and operates the Stendal mill which has an annual production capacity of approximately 660000 ADMTs and 148 MW of electrical generation. The Company’s wholly owned subsidiary Celgar owns and operates the Celgar mill which is a NBSK pulp mill with an annual production capacity of approximately 520000 ADMTs and 100 MW of electrical generation.

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